NIACL AO Salary 2024, In Hand Salary, Job Profile

The NIACL AO Salary 2024 offers an attractive pay structure, making it one of the most promising positions in the insurance sector. With the release of the NIACL AO Notification, candidates are eager to know the detailed salary structure. Along with a competitive monthly salary, Administrative Officers (AO) enjoy numerous perks and allowances, such as Dearness Allowance, House Rent Allowance, and medical benefits. Understanding the detailed salary breakdown helps aspirants assess the financial rewards and career growth opportunities associated with the role.

NIACL AO Salary 2024

NIACL AO Recruitment 2024 is a grand opportunity for the candidates as it is not considered to be an annually conducted entrance. So, a massive number of students will appear for this exam. As per the NIACL AO Salary 2024, the post is going to be highly prestigious and reputed. The basic pay for the post of Administrative Officer (Scale-I) will be Rs. 50,925 per month and the in-hand NIACL AO Salary 2024 will be around Rs. 74,000 per month. 

Also Read, NIACL AO Result 2024

NIACL AO Salary Structure 2024

The salary structure of the NIACL AO is a combination of basic pay and several perks and allowances. The salary structure of the NIACL AO is as follows:

NIACL AO In-Hand Salary 2024

It is crucial for a student to acknowledge the NIACL AO Salary 2024 structure segmentation. The salary structure is allotted as per the basic pay, benefits, allowances, and deductions. Here, we have enlisted the NIACL AO 2024 Salary structure in the given table.

NIACL AO Prelims Exam Analysis 2024, 13th October 2024 Shift 1

NIACL AO Salary 2024: Perks & Allowances

The net salary that an Administrative Officer (Scale-I) receive comprises the benefits of various perks and allowances. Here, we have listed down the NIACL AO Salary 2024 Perks & Allowances.

• Dearness allowance(DA)
• House rent allowance(HRA)
• Transport allowance(TA)
• City compensatory allowance(CCA)
• Newspaper allowance
• Allowance for the furnishing of residence
• Medical Reimbursement along with hospitalization facility
• Provision of loans at concessional rates of interest for housing, car, education and digital accessories.

NIACL AO Salary 2024: Job Profile & Responsibilities

There are various disciplines for which NIACL AO Notification 2024 is announced. Aspiring candidates should be familiar with the job responsibilities that they will have to perform as an Administrative Officer (Scale-I).

NIACL AO Work Profile Of Generalist

• An employee under NIACL AO, Is liable for claim settlements, underwriting, risk assessment and supervising work of an assistant.
• They are also responsible for risk proposals and authorization of claims.
• You can be posted anywhere across India, as per the choice of the company.
• You will have to serve a probation period of at least one year from the date of joining the duty. The probation period may be extended twice by a further period of six months.

NIACL AO Salary Slip 2024

You can check the NIACL AO Salary Slip of an NIACL Administrative Officer who received this salary slip in April 2024.

NIACL AO Salary 2024- Career Growth

Candidates after getting final selection in NIACL for the position of Administrative Officer (Scale-I) in various disciplines will get ample opportunities for career growth. The growth in hierarchy will be after qualifying for the internal promotional examinations which will be conducted at regular intervals. To grow in the organization, candidates need to impart their duty and perform their work with utmost sincerity.

NIACL AO Salary- Probation

Aspirants appointed for the position of Administrative Officer (Scale-I) on regular pay rolls of the company will be on probation period for one year after joining the duty. NIACL AO Probation may be extended twice for a further time period of 6 months rather than stretching up to 1 year at a time. During the probation period, officers will have to pass the Non-Life Licentiate Examination which is conducted by the Insurance Institute Of India. Aspirants who qualify for the examination will be confirmed for his/her service in the company. Officers who fail to pass for the exam within the extended probation period will be terminated after the completion of the duration specified.

NIACL AO Salary- Guarantee Bond

Candidates before joining as Administrative Officer (Scale-I) will have to give an undertaking to serve the company for a minimum time period of 4 years including the probation period. Aspirants who resign from the company before the expiry of the bond period will be held responsible for paying liquidated damages equal to one year’s gross salary received during the probation. The amount may be adjusted proportionately based on the duration of their service. Additionally, the candidate must provide a stamped Indemnity Bond, duly signed by two sureties of sound financial standing (not blood relatives), for an amount equivalent to one year’s gross salary. Officers who resign from the company during the probation period or whose services are terminated by the company during the probation period will have to pay the gross salary received by them during the entire service in the company in addition to an amount of Rs. 25,000.